, 1887-09-22
Henry Willard.


RAILROAD.
New YORK, Sept. l5.-The stock hold
ers of the Northern Pacific Railroad Co
met this afternoon and voted for a new
Board of Directors for the ensuing year
The meeting adjourned after the vote
till tomorrow pending the official count
The following was the only ticket Of
fered and it is undoubtedly elected
August Belmont, T. Billing. ]. V. Brook
man. Benjamin P. Cheney, Robert Har
ris, Brayton Ives. Thomas F. Oakes, @.
B. Wright, Henry Willard, E. Fl, Abbott
G. L. Colby, Colgate Hoyt and John B.
Trevor.
Many heavy stockholders were pres
ent, prominent among them being Hen.
ry Willard who voted $4,000 shares OF
stock. The vote cast is believed to be
the largest in the history of the COM
pany. The reports of President Harris
early retirement are confirmed, but it is
said that he will retain the position un-
til the Cascade Division through the
Stampede Pass tunnel is completed and
he will then be succeeded by Vice Presi
dent Oakes.
THE VOTE CAST
The entire vote cast was on 725,000
shares. TIE Willard party secured so
many reVocations of proxies already y
given that it became necessary to ad-
iourn the meeting until tomorrow to en-
able the inspectors to count the votes
and make up reports.
What the policy of the new board will
be if the Willard idea is carried out is in
dicated in letter Of his made public
tonight. He declares that the best
plan to secure harmony between the
Northern and Union Pacific railroads
lies in joint lease of the Oregon Rail-
way & Navigation by the two Pacifics-
the Northern and Union. It is said
that this will be one of the first acts of
the new board. It is thought that the
present officers will all be reelected
but the retention of the presidency by
Robert Harris will be only for little
while, as it has been promised to Vice
President Oakes.
SYNOPSIS OF THE REPORT.
New YORK, Sept, 15.-ihe following
is synopsis of the Northern Pacific an
nual report, which was read at the meet
ing today:
Vice President and General Manager
Oakes' report is most elaborate docu-
ment. He speaks OF the completion of
the Cascade division as the most impor-
tant work of the year, and refers TO the
acquisition of the Oregon Railway &
Navigation by the Union Pacific, aud
the opening OF through rail route from
the western terminus Of the Northern
Pacific to San Francisco. He shows
plainly the wisdom of occupying the ter
ritory with branch lines and refers to
the Duluth & Manitoba, and FIVE or six
other important Northern Pacific feed
ers under construction. The extension
OF the st. Paul, Minneapolis & Manitoba
road on territory heretofore occupied by
the Northern Pacific is referred to, and
the competition of the Canadian Pacific.
The freight earnings hIr. Oakes re-
CARDS as satisfactory. He predicts ia
vorable results in the future. The num-
Der OF bushels of wheat handled by the
company was II, ,745, ,566, or nearly 5OO.-
coo more than in 1886; but tie earnings
from the traffic were thousands of dol
lars less than during last year.
The live stock business shows remark
able increase Notwithstanding the fact
that last winter was most severe one
on cattle.
More than $500, 900 pounds of wool,
hides and pelts were carried, an increase
OF nearly 20 per cent. The tonnage of
salmon and hops were also largely in
creased.
The total mileage of the road owned
and leased is 3102 miles, an increase ddr-
ing the year of 295 miles.
The Northern Pacific Express Com
pany earned SS0,979 net after paying the
railroad company S273, 1888 for transpor-
tation. The gross earnings of the ex-
press company, which were $263, 1854 in
1856, we're 1886, ,573 in 1887.
immigration has fallen off somewhat
in consequence of short wheat crop in
Dakota in 1856 but the prospects are
that there will be an increase next year